Many analysts think that residential property investors would increasingly acquire rental properties and dwell in them for extended periods after 2022. Over the coming year, most investors’ attention is likely to be focused on the emerging phenomena of having a “bug-out” location — a safe haven to flee to in the event of an emergency, such as COVID lockdowns. In this regard, Real Estate Agents Fraser Rise can prove helpful.

A Trend Worth Noting

According to industry professionals, a quarter of individuals are preferring to live in their house before they rent it out as an investment. It’s fascinating because, while property gurus would argue that this is a terrible investment plan, it’s occurring more and more. People want to have a variety of alternatives so that if things go wrong, they may go to another location, such as an investment property. The real estate industry is witnessing a convergence of rental and owner-occupied properties.

The rise of domestic workstations

People are buying properties and then renting them out for the rest of the year after living in them for two to three months as a “workstation” – maybe in a more conducive setting than their own houses that are closer to their work. The link between employment and the office has been dissolved to some extent, and we’re now seeing dual-purpose residences that the owners may live in while simultaneously renting out.”

House For Sale In Melton: Learn about the property pricing trends

Most experts believe that property prices will continue to climb in 2022, but not at the same rate as this year. Although no one knows the magnitude of the next macro-prudential loan tightening or when the Reserve Bank will raise interest rates, there is still enough fat in the system to provide most investors peace of mind. It has been 11 years since we have seen an interest rate hike. So, the next time you check out a House For Sale In Melton, make sure you calculate the price you are expected to pay.

Residential Real Estate In Caroline Springs

Residential property in Australia is quite robust, which is not true of commercial property. However, migration to suburbs like Caroline Springs will continue. Investing in residential property in an inexpensive region where there are likely to be more young families searching for rentals might be a great way to ensure a steady stream of interested tenants.

Furthermore, areas like Caroline Springs offer strong long-term capital development. Investors should search for a property that leases out quickly and has a low vacancy rate of less than 1.5 percent.

As the Real Estate In Caroline Springs continues to rise, purchasers will have a better opportunity of getting their foot in the door as competition amongst buyers decreases.

For balance, you should always go to an area with a high number of owner-occupiers, so it’s a stable place that’s appropriate for keeping property down the road.”

Pro Advice

Away from the more affluent areas of cities, suburban areas in the middle to outer rings, or even regional towns and cities, are worth considering for your next real estate investment. For more detailed advice, get in touch with N7 Real Estate. We are the most trusted Real Estate Agents Fraser Rise.